BHP Billiton PLC (LON:BLT) Rating
In an analyst report published on Thursday morning, BHP Billiton PLC (LON:BLT) stock Buy was reconfirmed at Jefferies International. They currently have a GBX 1250.00 price target on the stock. Jefferies International’s price target gives a potential upside of 9.03% from the company’s last stock close price.
Out of 28 analysts covering BHP Billiton PLC (LON:BLT), 9 rate it a “Buy”, 3 “Sell”, while 16 “Hold”. This means 32% are positive. GBX 1850 is the highest target while GBX 515 is the lowest. The GBX 994.19 average target is -13.02% below today’s (GBX 1143) stock price. BHP Billiton PLC has been the topic of 246 analyst reports since October 5, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock on September 29 with “Buy” rating. Haitong Securities downgraded it to “Neutral” rating and GBX 960 target price in a September 19 report. Barclays Capital maintained the shares of BLT in a report on September 21 with “Equal Weight” rating. Credit Suisse maintained the firm’s rating on September 19. Credit Suisse has “Outperform” rating and GBX 1150 price target. Lastly, Macquarie Research upgraded the stock to “Outperform” rating in a September 20 report.
About 3.52 million shares traded hands. BHP Billiton plc (LON:BLT) has risen 50.69% since February 29, 2016 and is uptrending. It has outperformed by 39.43% the S&P500.
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional gas and oil. The company has a market cap of 66.29 billion GBP. The Firm operates through divisions, including Petroleum and Potash, Copper, Iron Ore and Coal. It currently has negative earnings. The Company’s Petroleum and Potash segment is engaged in exploration, development and production of gas and oil and potash pre-development.
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